W
elcome to the 12th annual Healthcare Informatics 100. Here you will find the top 100 companies ranked by 2004 healthcare IT revenue. Collectively, these elite companies sold more than $24 billion in IT products and services, offering everything from highly specialized best-of-breed applications to comprehensive enterprisewide solutions to health plans, provider organizations and other business entities. All of this economic activity was played out in a U.S. regulatory environment that was, and is, confusing and challenging, yet ultimately encouraging to stakeholders. All figures used in creating the Healthcare Informatics 100 were self-reported. We rely on companies to provide accurate information. The data-gathering process began in midMarch when we asked the more than 1,800 companies in our database to complete our online survey. The always-changing composition of this annual list reflects a dynamic industry fueled by both the entrepreneurial drive of newcomers and the strategic acquisition plans of industry giants. Some companies may have a significantly different ranking than in previous years because of changes in how IT revenues were attributed or defined as a result of reorganization. And some large industry players are absent entirely. Most companies have well-defined limits on the level of financial granularity they can share, which kept some firms off our list. In the tables below are some slices of data that you may find interesting. On page 59, additional financial information on the 54 publicly traded companies in the Healthcare Informatics 100 has been assembled by our colleagues at Standard & Poors, a sister business unit of The McGraw-Hill Companies. And pages 61 through 78 contain profiles, forecasts, consolidation and other activities at some of the companies behind the numbers. The Editors
SURF9 STUDIOS
www.healthcare-informatics.com
Healthcare Informatics
June 2005
29
Key
Year organization founded
Percentage of total revenue generated from healthcare IT Number of employees Stock exchange and ticker symbol
Company Name
1
05 2005 Healthcare Informatics rank
founded 1969
employees 5,000
NYSE
CN
HIT revenue
100%
5
04
$10 9 8
1
05
04
Market: Develops, manufactures, packages and markets products for patient care; develops drug delivery technologies; distributes pharmaceuticals and medical, surgical and laboratory supplies; offers consulting and other services that improve quality and efficiency Company Executives: Robert D. Walter; George Fotiades
employees 31,000 NYSE PHG HIT revenue 32%
2
05
2
04
Market: Provides patient monitoring and ultrasound systems, information management, medical IT, diagnostic cardiology devices, resuscitation products, Xray, MR and CT, nuclear medicine and PET-related supplies, professional services and support Company Executives: Steve Rusckowski
30
June 2005
Healthcare Informatics
www.healthcare-informatics.com
founded 1867
(04) (03) (02)
employees 14,471
Brussels*
04
Market: With global experience in imaging and IT, connectivity, technical and professional services, healthcare business consulting and clinical applications, Agfa is committed to being a trusted total healthcare management partner Company Executives: Dany Claeys, Pres., Agfa Corp; Bob Pryor, Pres., HealthCare Americas
employees 110,000 NYSE EDS HIT revenue 6.5%
EDS
founded 1964
4
05
3
04
1308
Market: A knowledgeable and experienced IT services firm, with a strong team of 6,000 global healthcare professionals standing ready to tackle your challenges Company Executives: Michael Jordan, CEO; Jeffrey Heller, COO
founded 1833
employees 7,000
NYSE MCK
5
04
1202.5
Market: Provider of IT solutions that help organizations worldwide to improve patient safety, reduce the cost and variability of care, and better manage revenue stream and resources Company Executives: Pamela Pure
Headliner: page 61
ACS Inc.
founded 1988 employees 47,000 NYSE ACS HIT revenue 29%
6
05
6
04
1200 1018
Market: Provider of fully diversified, end-to-end, business process outsourcing (BPO) and IT solutions to commercial and government clients worldwide; comprehensive solutions delivered to all segments of BPO and IT services Company Executives: Jeff Rich; Mark King
WebMD Corp.
founded 1996 employees 5,940 NASDAQ HLTH HIT revenue 93%
7
05
7
04
Market: Provides products and services for physicians, consumers, providers and health plans that streamline administrative and clinical processes, promote efficiency and reduce costs by facilitating information exchange, communication and electronic transactions Company Executives: Martin J. Wygod; Kevin Cameron
employees 79,000 NYSE CSC HIT revenue 7%
founded 1959
8
04
Headliner: page 61
Cerner Corp.
founded 1979
Market: Globally organized to serve providers, payers, pharmaceutical, medical device and biotech clients as well as federal, state and national healthcare agencies through management consulting, systems integration and outsourcing agreements Company Executives: Van B. Honeycutt, Chair/CEO; Dan Garrett, VP Global Health Solutions
employees 5,500 NASDAQ CERN HIT revenue 100%
9
05
9
04
Market: Supplier of healthcare IT, taking the paper chart out of healthcare and eliminating error, variance and waste in the care process Company Executives: Neal Patterson, CEO; Trace Devanny, Pres.
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Healthcare Informatics
June 2005
31
10
05
10
04
Market: Leverages deep expertise in consulting, business processes, applications, and IT infrastructure to craft integrated, industry-specific solutions that support business strategies and facilitate improvements for its customers Company Executives: Peter Altabef, Pres./CEO; Russell Freeman, CFO
Headliner: page 62
Dell Inc.
founded 1984 employees 55,200 NASDAQ DELL HIT revenue 1%
11
05
04
838
Market: Diversified IT supplier and partner that sells a comprehensive portfolio of products and services directly to customers worldwide Company Executives: Jim DeFoe, VP Healthcare Sales
GE Healthcare IT
founded 1997
employees 1,200
NYSE GE
12
05
1
04
Market: GE Healthcares IT business creates software and IT solutions for healthcare facilities of all sizes, to improve clinical performance; expertise spans clinical information systems and PACS, to enable real-time, integrated EMR Company Executives: Vishal Wanchoo, CEO
Capgemini
founded 1967
employees 60,000
Paris*
HIT revenue 9%
13
05
4
04
*Bourse CAP
Market: Provides holistic solutions in technology, consulting, and outsourcing; healthcare practice specializes in clinical transformation, process improvement, revenue cycle and supply chain services Company Executives: Paul Hermelin, Group CEO; Pierre Danon, Chair, Americas
Ingenix Inc.
founded 1998
employees 3,650
Private
14
05
11
04
Market: Global health IT and consulting company offering broad range of solutions to enhance clinical and financial insight, increase quality of healthcare delivery and administration, and manage costs Company Executives: Richard Anderson, CEO; Andy Slavitt, COO
founded 1969
employees 2,400
NASDAQ IDXC
14
04
Market: Provider of software, services and technologies for healthcare provider organizations Company Executives: James H. Crook Jr.; Thomas W. Butts
employees 2,600
London*
16
05
*MSY.L
12
04
Market: Develops and supports reliable, easy-to-use software and services of high quality that enable physicians and caregivers to more easily manage the complexities of healthcare Company Executives: Tom Skelton, CEO; Charles Lambert, CFO
32
June 2005
Healthcare Informatics
www.healthcare-informatics.com
employees 1,500
NYSE NDC
13
04
Market: Offers network and system solutions to automate exchange of information among pharmacies, payers, hospitals and physicians; improves operational efficiencies and business decision making for providers, retail pharmacy and pharmaceutical manufacturers Company Executives: Walter Hoff; Lee Adrean
employees 4,800 NASDAQ PSTI HIT revenue 100%
18
05
15
04
Market: Offers connective healthcare solutions that enable physicians and hospitals to achieve income potential by creating environment that streamlines and simplifies the complex administrative burden of providing healthcare Company Executives: Phil Pead, Chair/Pres./CEO; Chris Perkins, CFO
Eclipsys
founded 1995
employees 2,000
NASDAQ ECLP
19
05
21
04
Market: Provider of advanced clinical, financial and management information software and service solutions to more than 1,500 healthcare facilities Company Executives: Paul L. Ruflin, Pres./CEO; Russ Rudish, Exec. VP Sales/Marketing
20 24
05 04
Market: Supports the enterprise with an integrated clinical, access and revenue cycle system that connects hospitals, clinics, patients and affiliates; delivers optimized workflows and customer service for the entire organization Company Executives: Judith R. Faulkner, CEO; Carl D. Dvorak, COO
founded 1990
employees 2,254
Private
Market: Technology outsourcing and financial services that assist payers in review and administration of medical bills associated with group health, workers compensation and auto injury claims Company Executives: Dan Thomas, Chair/CEO; Tom Kiraly, Exec. VP/CFO
Headliner: page 64
founded 1969
employees 1,900+
Private
Market: Provides integrated software solutions that meet information needs of healthcare organizations worldwide, including hospitals, ambulatory care centers, physicians offices, long-term care and behavioral health facilities, and home health organizations Company Executives: A. Neil Pappalardo; Lawrence A. Polimeno
employees 45,000 Private HIT revenue 4%
founded 1969
04
Market: SAICs Health Solutions Business Unit provides clinical information system, life science and research, health data integration and management, public health and cost containment solutions to federal healthcare clients Company Executives: Ken Dahlberg, Chair/CEO; Bob McCord, Sr. VP Health Solutions Business Unit
34
June 2005
Healthcare Informatics
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275
Market: Offers comprehensive enterprise software, outsourcing and professional services that help healthcare organizations achieve their business vision, with less risk and improved ROI Company Executives: Jeff Margolis, Chair/CEO; Kathleen Earley, Pres./COO
FCG
25 18
05 04 Long Beach, Calif. (800) 345-0957 www.fcg.com
founded 1980
employees 2,435
NASDAQ FCGI
Market: Provider of outsourcing, consulting, systems implementation and integration for healthcare, pharmaceutical and other life sciences organizations throughout North America, Europe and Asia Company Executives: Luther Nussbaum; Steve Heck
founded 1902
employees 600
NYSE MMM
Market: Provider of advanced software tools and services that help healthcare organizations capture, classify and manage accurate healthcare data Company Executives: Nancy Larson, General Manager; Kelly Mann, Marketing/Sales Manager
Headliner: page 64
Keane Inc.
founded 1965
employees 9,000
NYSE kea
27 23
05 04
Market: Provides healthcare-specific solutions (systems and services) to help integrated delivery networks, hospitals, long-term care facilities, medical group practices and payer organizations better manage their IT operations Company Executives: Raymond Paris; Walt Kaczor
Spheris
founded 1997
employees 5,700
Private
28 35
05 04
152.7 90 19
Market: Provider of medical transcription and clinical documentation technology and services to 450+ health systems, hospitals and clinics throughout the U.S. and Canada, with an emphasis on verifiable quality and pricing Company Executives: Steven E. Simpson, Pres./CEO; Tony James, CFO
SAS
founded 1976
employees 9,523
Private
HIT revenue 9%
29 27
05 04
Market: Delivers new generation of business intelligence software and services that create true enterprise intelligence, enable more accurate and informed decisions, and drive organizations forward Company Executives: Jim Goodnight, Pres./CEO; Jim Davis, Senior VP
Kronos Inc.
30 30
05 04 Chelmsford, Mass. (978) 250-9800 www.kronos.com
founded 1977
employees 2,700
NASDAQ KRON
Market: Workforce management: helps organizations staff, develop, deploy, track, and reward their workforce, resulting in reduced costs, increased productivity, better decision making, improved employee satisfaction, and alignment with organizational objectives Company Executives: Mark S. Ain, CEO; Paul Lacy, Exec. VP
36
June 2005
Healthcare Informatics
www.healthcare-informatics.com
31 26
05 04
Market: Provides integrated speech recognition, dictation/transcription, natural language processing solutions for e-documentation and record management for less costly documentation and faster, more accurate access and control of clinical information Company Executives: Robert Schwager, CEO; Don Fallati, Senior VP/Marketing
employees 700 AMEX QD HIT revenue 96%
QuadraMed Corp.
founded 1993
32 25
05 04
Market: Provides innovative, flexible IT solutions across patient care continuum, spanning clinical, patient information, revenue cycle and health information management; solutions designed to increase transparency, profitability, quality and safety Company Executives: Lawrence P. English, Chair/CEO; John C. Wright, CFO
employees 530 Private HIT revenue 80%
InterSystems Corp.
founded 1978
33 28
05 04
124 113 82
Market: Serves needs of IT organizations and independent software vendors; Cach post-relational database and Ensemble universal integration platform, our showcase products, enable rapid creation and fast integration of highperformance applications Company Executives: Phillip (Terry) Ragon; John McCormick
employees 500 NASDAQ OMCL HIT revenue 100%
Omnicell Inc.
founded 1992
34 31
05 04
Market: Provides solutions that enhance effectiveness of the medication-use process and the medical-surgical supply chain, improving patient care and clinical and financial outcomes Company Executives: Randall A. Lipps; J. Christopher Drew
founded 1994
employees 16,000+
NASDAQ CTSH
Market: Provides applications management, development, integration, re-engineering, infrastructure management, business process outsourcing, enterprise consulting, technology architecture, program management, change management and other related services through onsite/offshore outsourcing model Company Executives: Lakshmi Narayan, Pres./CEO; Francisco DSouza, COO
employees 509 Private HIT revenue 100%
36 32
05 04
Market: Healthcare IT and health information management outsourcing services provider; creates value for clients through flexible solutions that contribute to improving patient care while lowering healthcare costs Company Executives: James Giordano, Pres./CEO; Brian Ferrell, VP/Sales
Allscripts
37 39
05 04 Chicago (312) 506-1200 www.allscripts.com
founded 1986
employees 350
NASDAQ MDRX
Market: Provider of clinical software, connectivity and information solutions that physicians use to improve healthcare Company Executives: Glen Tullman, CEO; Lee Shapiro, Pres.
38
June 2005
Healthcare Informatics
www.healthcare-informatics.com
100 90
Market: Delivers comprehensive, mission-critical information management software and BPO solutions for healthcare payers Company Executives: Kevin R. Brown, Pres./CEO; David Beaulieu, COO
CGI
founded 1976 employees 25,000 NYSE GIB HIT revenue 2.5%
38
05
04
100 85 65
Market: Couples industry-sector expertise with full range of services, including strategic IT and management consulting, systems integration, and management of IT and business functions Company Executives: Serge Godin; Michael Roach
employees 1,800
Private
40 38
05 04
94 86 99
Market: Offers comprehensive health data management solutions, including automated ROI and electronic patient record storage and retrieval Company Executives: Frank B. Murphy; Peter Schmitt
ProxyMed Inc.
41 50
05 04 Norcross, Ga. (800) 882-0802 www.proxymed.com
founded 1982
employees 502
NASDAQ PILL
Market: Provides connectivity and cost containment solutions to physicians, hospitals, payer organizations, healthcare billing companies, clinical laboratories and pharmacies Company Executives: Kevin McNamara, Chair./Interim CEO; Nancy J. Ham, Pres./COO
employees 600 Private HIT revenue 51%
Integic Corp.
founded 1990
42 33
05 04
82.82
Market: Architect and integrator for electronic medical records system deploying worldwide for the U.S. Department of Defense, Military Health System; also provides clinical trials management software for life sciences organizations Company Executives: Larry Albert, Senior VP, Healthcare; Pat Barrett, VP, Life Sciences
employees 753 NASDAQ CPSI HIT revenue 100%
CPSI
founded 1979
43 40
05 04
Market: Single-source vendor that provides complete, fully integrated healthcare information system for community hospitals; included are hardware, conversion/implementation, support and software modules encompassing financial, clinical, point-of-care and PACS solutions Company Executives: David A. Dye, Pres./CEO; Boyd Douglas, Exec. VP/COO
employees 433 NASDAQ PLNR HIT revenue 31%
Planar Systems
founded 1983
44 37
05 04
Market: Provider of flat-panel display hardware and software solutions for demanding medical, retailing, industrial and commercial applications Company Executives: Balaji Krishnamurthy; Steve Buhaly
40
June 2005
Healthcare Informatics
www.healthcare-informatics.com
45 45
05 04
Market: Offers a portfolio of advisory and implementation services focused on process redesign and change management to help healthcare organizations address clinical and business issues through optimal use of technology Company Executives: Ivo Nelson, CEO; Dana Sellers, Pres./COO
founded 1994
employees 310
NASDAQ QSII
71
Market: Provider of EMR and practice management software, for multiprovider enterprise or solo practitioner, to improve quality of care and cut costs Company Executives: Louis Silverman, Pres./CEO, QSI; Patrick Cline, Pres., NextGen
employees 350
Private
47 64
05 04
70
Market: Providers, in thin-client space, of a network-centric computing solution that provides security, manageability and cost-effectiveness to customers Company Executives: John Kish; Wolfgang Staehle
A4 Health Systems
founded 1970 employees 356 Private HIT revenue 100%
48 48
05 04
67 47.6 30.6
Market: Provides healthcare IT solutions for consolidated clinical, financial and administrative patient information management; led by HealthMatics, Canopy and EmSTAT solutions, provides software and service solutions for physician practices and hospitals Company Executives: John McConnell, Chair/CEO; David Bond, Pres./COO
employees 460 NASDAQ QVDX HIT revenue 67%
Quovadx Inc.
founded 1998
49 42
05 04
59 59.5 60.5
Market: Through CareScience division, develops clinical technology solutions designed to reduce complications and medical errors and enable secure exchange of clinical information within an enterprise or across communities Company Executives: Harvey A. Wagner, CEO; Melvin L. Keating, CFO
Headliner: page 68
Sectra Imtec AB
founded 1978
employees 280
Stockholm*
50 47
05
*Sectra B
04
Market: Provides system solutions for digital radiology worldwide Company Executives: Torbjrn Kronander; Jan-Olof Bruer
employees 1,000+
Private
51 46
05 04
Market: Provides laboratory information and ancillary clinical software; advanced system architecture, used extensively by large hospitals and independent laboratories, accommodates heavy test volumes and multisite environments without compromise of system performance Company Executives: Gilbert Hakim, CEO; Jean Hakim, Pres.
42
June 2005
Healthcare Informatics
www.healthcare-informatics.com
52 52
05
*MSH
04
Market: Healthcare IT company that delivers resource management and healthcare information systems to customers across North America, helping to maximize operational efficiencies, lower costs and improve delivery of services Company Executives: Allan Lin; Paul Lepage
Sapient Corp.
founded 1991 employees 2,612 NASDAQ SAPE HIT revenue 19%
53
05
04
48.71
Market: Business consultancy and technology services firm with a dedicated healthcare practice that plans, designs, implements and manages IT to improve business performance for Global 2000 clients Company Executives: Jerry Greenberg, co-CEO; Stuart Moore, co-CEO
Companion Technologies
founded 1985
employees 300
Private
54 48
05 04
48.6 48 79
Market: Develops best-of-breed practice management and electronic medical records software and services for healthcare industry, delivering comprehensive information management solutions that meet physician practice, clinical, financial, operational and managed care needs Company Executives: Harvey Galloway; Craig Klein
employees 400 Private HIT revenue 100%
Headliner: page 66
Picis
founded 1973
55 65
05 04
46.4 29 26
Market: Delivers proven solutions for high-acuity care areasemergency department, operating room and intensive care; has software system installed in 900+ medical centers and integrated delivery networks worldwide Company Executives: Todd Cozzens, CEO; Scott Lenz, CFO
Emageon
founded 1998
employees 230
NASDAQ EMAG
56
05
04
Market: Provides enterprise-level advanced visualization and infrastructure solutions for clinical analysis and management of digital medical images within multihospital networks, community hospitals and diagnostic imaging centers Company Executives: Chuck Jett, Chair/CEO; Milton Silva-Craig, Pres./COO
founded 1986
employees 204
Private
04
Market: Architects, supplies, implements, and manages the IT infrastructure of medium- to large-size organizations Company Executives: Craig Schiefelbein; Tom Mount
Headliner: page 62
Heartlab Inc.
founded 1994
employees 160
Private
58 70
05 04
Market: Encompass Cardiac Network delivers enterprisewide Web-based image management and reporting for multiple modalities with bidirectional electronic communication for centralized patient data management and streamlined clinical trial participation Company Executives: Robert Petrocelli; Jonathan Elion
44
June 2005
Healthcare Informatics
www.healthcare-informatics.com
59 57
05 04
Market: Based on service-oriented architecture, SeeBeyonds Integrated Composite Application Network (ICAN) Suite lets organizations leverage existing IT to rapidly deploy new business solutions and increase patient safety through clinical transformation Company Executives: James T. Demetriades; H. Carvel Moore
employees 2,500 NYSE CTG HIT revenue 16%
CTG
founded 1966
60
05
04
Market: Healthcare Solution division is an IT consulting firm dedicated solely to assisting healthcare institutions and related organizations achieve their financial and clinical objectives by using their information systems more effectively Company Executives: James Boldt; Tom Niehaus
employees 4,500+ NASDAQ SYNT HIT revenue 20%
Syntel Inc.
61 56
05 04 Troy, Mich. (248) 619-2800 www.syntelinc.com
founded 1980
Market: Provides custom outsourcing solutions over broad spectrum of IT/ITenabled services; first U.S. firm to launch global delivery service for speed-tomarket and quality advantages; now leverages it for customers Company Executives: Bharat Desai, Chair/CEO; Keshav Murugesh, COO
Merge eFilm
founded 1987
employees 200
NASDAQ MRGE
62 66
05 04
37 28.68 20.79
Market: Global healthcare software and services company focused on accelerating productivity of imaging centers, hospitals and clinics with a suite of RIS/PACS software solutions and professional services Company Executives: Richard Linden; William Mortimore
Headliner: page 66
founded 1999
employees 175
Private
37 35.25 24.58
Market: HIT software/consulting solutions, serving U.S. commercial/government providers; emPOWERnet product suite integrates with existing systems and provides unified platform for building provider, patient, community portals and standard or Web-based applications Company Executives: Kenneth D. Rardin, CEO; James L. Hall, Senior VP/Sales & Marketing
employees 213 NASDAQ MEDW HIT revenue 100%
founded 1981
Market: Provides information systems in the areas of medication management, blood banking and the operating room Company Executives: George Barry; Jill Suppes
employees 350+
Private
65 58
05 04
36 36
Market: National software IT company that offers wide range of provider/ payer/physician services and technologies for managing revenue cycle: claims processing (ASP/direct/clearinghouse), document management and business office outsourcing for paper claims Company Executives: Bobby E. Smith, CEO/Pres.; Jimmy Lyons, CFO
46
June 2005
Healthcare Informatics
www.healthcare-informatics.com
Market: Provides an IT system that integrates clinical and financial applications on a single IBM platform to more than 450 community hospitals nationwide Company Executives: Tom Givens, Pres.; John Doss, Exec. VP
founded 1981
employees 270+
Toronto*
04
Market: Provides a broad range of healthcare transaction processing services and IT solutions, primarily to payers and providers of pharmacy healthcare services Company Executives: Gordon Glenn, Pres./CEO; Irwin Studen, Senior VP, Finance/CFO
employees 167 Private HIT revenue 100%
ISH Inc.
founded 1989
68 63
05 04
Market: Provider of strategic IT, clinical and logistical planning, management, education and implementation services to the healthcare industry Company Executives: Jeffrey J. Uliano, Founder/CEO; John Marchisin, Exec. VP
employees 191
Private
69 62
05 04
Market: Provider of outpatient information solutions for ambulatory surgery centers, surgical hospitals, rehabilitation clinics, diagnostic imaging centers and physician practices Company Executives: Larry McTavish, CEO; Ralph Riccard, COO
Polycom Inc.
70
05
founded 1990
employees 1,430
NASDAQ PLCM
04
30
Market: Delivers end-to-end media collaborative applications for voice, video, data and Webfrom desktop and mobile personal systems to room systems to network core; customized video solutions for telemedicine, CME and healthcare administration Company Executives: Robert Hagerty; Michael Kourey
employees 190 NASDAQ NTST HIT revenue 100%
71 69
05 04
Market: Provides software and systems integration for health and human services providers Company Executives: James Conway; Jerry Koop
MEDecision Inc.
founded 1988
employees 160
Private
72 75
05 04
Market: Collaborative care management provider, including integrated medical management solutions to analyze, apply, administer and automate management of healthcare programs Company Executives: David St. Clair, CEO; John H. Capobianco, Pres.
48
June 2005
Healthcare Informatics
www.healthcare-informatics.com
73
05
04
Market: Originates and distributes electronic medical records through transcription technology and services, including voice capture systems, speech recognition, electronic signature, and other report-generation and management applications Company Executives: Robert Lynch, Pres./CEO; Dale Kivi, VP, Business Development
employees 130 OTCBB DAOU HIT revenue 100%
74 54
05 04
Market: Provides expert consulting and management services to healthcare organizations in the design, deployment and support of IT infrastructure and application systems Company Executives: Vincent K. Roach; John A. Roberts
ScanSoft
founded 1993
employees 1,100
NASDAQ SSFT
75
05
04
Market: Provider of speech and imaging solutions used to automate wide range of manual processes, saving time, increasing worker productivity and improving customer service Company Executives: Paul Ricci, Chair/CEO; John Shagoury, Pres., Productivity
employees 4,500+
Private
76
05
04
Market: Provides transcription and information management solutions to integrated health delivery networks, hospitals, academic institutions, clinics and physician practices; offers full outsource, overflow and backlog clean-up; leverages leading Internet technologies Company Executives: V. Raman Kumar; Donald L. Conover
employees 210 Private HIT revenue 100%
founded 1980
25 24.7 20.9
Market: Provides financial and clinical information systems to community and specialty hospitals Company Executives: Alan J. Grundei, CEO; Mark Middendorf, VP, Sales
CMHC Systems
founded 1978
employees 164
Private
78 73
05 04
Market: Provides software and services that help more than 400 behavioral healthcare providers and payers maximize revenue, improve service levels and furnish a higher quality of care Company Executives: Alistair Deakin; Mike Payne
Healthvision Inc.
founded 1999
employees 125
Private
79 71
05 04
Market: Creates connected healthcare communities by helping market leaders quickly and cost-effectively plan and deliver patient-centric information via shared information exchanges; offers strategic consulting services to Webbased infrastructure and applications Company Executives: Scott Decker; Byron Jobe
50
June 2005
Healthcare Informatics
www.healthcare-informatics.com
Market: Provides business process outsourcing services (administrative and claims processing) and consulting (business process re-engineering and change management) for health plans Company Executives: James Anderson, Pres./CEO; Bob Peters, Senior VP/CFO
CareCentric
81 76
05 04 Atlanta (800) 254-9872 www.carecentric.com
founded 1969
employees 160
Private
Market: Provides technology, business operation and outsourcing solutions for home care providers, including home health, private duty, hospice, home medical equipment and home care pharmacy Company Executives: John R. Festa; Michael McGuire
Headliner: page 68
founded 1996
employees 255
Private
Market: Helps hospitals improve clinical and business outcomes by connecting people, processes and data associated with surgery, delivering fast, accurate, comprehensive information when and where it is needed most Company Executives: Richard L. Jackson; Scott B. LHeureux
employees 315
NASDAQ CPTV
83 86
05 04
Market: Provides input management solutions for business-critical information from paper, faxes and electronic forms and documents, and other transactions Company Executives: Reynolds C. Bish; Rick Russo
Wellogic
founded 1992
employees 75
Private
84 81
05 04
22.3 20 16
Market: Provides products and solutions for community health information exchanges, clinician and patient portals, EHRs, e-prescribing, document management, CPOE, referrals and second opinions and secure messaging Company Executives: Sumit Nagpal, Pres./CEO; Ajit Nagpal, Chair
VantageMed
founded 1997
employees 175
OTCBB VMDC.OB
85 77
05 04
Market: Provides software products and services to 18,000 physicians/behavioral health providers; ChartKeeper Computerized Medical Records, RidgeMark, Northern Health Anesthesia and Therapist Helper Practice Management products, all supported by SecureConnect electronic transaction services Company Executives: Steve Curd; Phil Ranger
employees 99 Private HIT revenue 100%
HSS Inc.
founded 1983
86 84
05 04
Market: Provides solutions that streamline coding, regulatory and reimbursement processes for evaluating financial/operational performance, target areas for performance improvement and balance risk-assumption with profit opportunities Company Executives: Bob Leary, CEO; Renee Leary, Pres./COO
52
June 2005
Healthcare Informatics
www.healthcare-informatics.com
04
21.03
Market: Provides benefit administration/claims processing software and business process outsourcing to healthcare payers; also provides TPAs and product development and R&D services to medical device manufacturers, hospitals and life science organizations Company Executives: Jerry Rao, Chair/CEO; Jeroen Tas, Vice Chair
employees 110 Private HIT revenue 100%
founded 1991
Market: Helps hospitals maximize capacity by automating processes along the patient flow continuum; products expedite bed turnover, streamline patient placement, improve patient transport and manage perioperative flow Company Executives: Anthony Sanzo, Pres./CEO; Gene Nacey, Founder/CTO
US Technology Resources
founded 1999
employees 2,000+
Private
89
05
04
20.5 12 8
Market: Provides business transformation solutions, including IT, business process outsourcing, and vertical industry solutions to targeted healthcare customers (payers, providers and life sciences industry sectors) Company Executives: Dan Gupta, CEO; Sajan Pillai, COO
NOVASOFT SANIDAD
founded 1993
employees 160
Private
90 89
05 04
Rincon de la Victoria, 20.24 14.81 Malaga, Spain 6.01 +34 902310031 www.novasoft.es
Market: Specializes in offering technology and innovation-based services to the health sector; main competencies are hospital information systems, primary healthcare systems and EMR Company Executives: Francisco Barrionuevo; Juan Fajardo
Infologix
founded 2002
employees 65
Private
91
05
04
20 12 5
Market: Provides wireless networks, wireless security systems, mobile computing devices, workflow consulting, bar-coding training and support to hospitals and long-term care facilities Company Executives: Dave Gulian; Rick Hodge
founded 1996
employees 130
Private
04
19.2 13.1
Market: Offers healthcare providers revenue management technology for realtime access to data that is essential for processing accurate patient registration, billing, claims submission, collections, DSH and self-pay reimbursement Company Executives: James V. Lackey Jr.; Daniel Proctor
SpectraLink Corp.
founded 1990
employees 350
NASDAQ SLNK
93
05
04
Market: Provider of workplace Wi-Fi telephony; scalable technology, seamlessly integrating with VoIP and traditional telephony platforms, provides instant access to people and business-critical information; delivered to businesses worldwide Company Executives: John Elms; Jill Kenney
54
June 2005
Healthcare Informatics
www.healthcare-informatics.com
Market: Messaging solutions provider spans the healthcare spectrum, delivering millions of healthcare communications through diverse applications, including appointment reminders, lab test results reporting and interactive Web services Company Executives: Neil Armentrout, CEO; Fran Smith, COO
employees 161 Private HIT revenue 100%
founded 1990
Market: Offers online customers acceleration of revenue cycle by identifying denials and underpayments and improving contract management process Company Executives: Harriett T. Flowers, CEO; Gary A. Cohen, COO
Everything4MDs.com
founded 2000
employees 15
Private
96 80
05 04
Market: One-stop online shopping for physician offices seeking good customer service, prices and quality Company Executives: Michael W. Simpson, Pres.; Melanie Lander, CFO
employees 2,390
NASDAQ RCMT
97 83
05 04
Medcon
founded 1993
Market: Provides broad range of IT and engineering consulting and management services for healthcare, pharmaceutical, medical device manufacturers and other industries; specializes in quality assurance part 11, and validation and qualification Company Executives: Leon Kopyt, CEO; Stanton Remer, Exec. VP/CFO/Treas. & Sec.
employees 97 Tel Aviv* HIT revenue 100%
98
05
*MDCN
04
Market: Delivers complete cardiac image and information management solution; integrates all cardiology modalities with patient information, data and measurements into one cardiac EMR for LAN and Internet access Company Executive: Uzi Blumensohn
Lionbridge
founded 1996 employees 2,000 NASDAQ LIOX HIT revenue 11%
99
05
04
Market: Provider of globalization and testing outsourcing services; combines global resources with proven program management methodologies throughout clients product and content lifecycles, from development to globalization, testing and maintenance Company Executives: Rory Cowan, CEO; Steve Lifshatz, CFO
employees 250 Private HIT revenue 100%
E*HealthLine.com Inc.
100
05
founded 1992
04
15 33 100
Market: Produces electronic financial information management solutions and comprehensive clinical suites, including hospital information, CPOE, computer-based patient record, integrated physician practice management and managed care systems; delivers real-time response and reliable support Company Executives:
56
June 2005
Healthcare Informatics
www.healthcare-informatics.com